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Sangamon Sun

Tuesday, May 13, 2025

Former state university employee Stoessel paid in $46K to pension fund, could collect $745K in retirement

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Former state university employee Karen Stoessel, who retired in January 2016, saved $45,564 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, Stoessel would collect as much as $744,871, according to a projection by Local Government Information Services (LGIS), which publishes Sangamon Sun.

The projection assumes Stoessel received $15,656 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 3 years of retirement, Stoessel will have already received $48,392 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.

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